Grinding it out, day after day

Quote from Spooz Top:

+4

aligning yourself with the boards top dog to market your product is embarrissingly obvious....pedal it elsewhere.
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To the point: I agree with the OP's post 1,000% and felt like sharing that belief. If I were here in full promotional mode, that would be the absolute wrong sales pitch. It is a proven fact that aspiring traders line up to pay $10,000 on how-to trade the ES in proclaimed market-maker scalping fashion.

Don't you think a good sales effort would be pitching the target's desire as part of the offer? Wouldn't it make marketing sense to promote the idea that chart obsession and scalping every wiggle without ever stepping away from the screens would tug the heartstrings of potential sales?

**

I've been here before you, and before the other poster as well. Check my past... there are literally dozens of (now) dead aliases who said all the same s(tuff) you are.

And where are they now? Retired from trading after having made their zillions? Or they fell by the wayside in spite of themselves.

I'll post anywhere I damn well please, thank you. Do you honestly think I care what some random anonymous alias suggests I should do? If the OP ever asked me to delete a post or not post again, I'd surely honor that. Anyone and everyone else can kiss my charts.

As the Montgomery/Gentry tune chorus goes, "I don't give a damn what anybody thinks... whaddya think about that?"
 
Hi, Lescor. Earlier you said that you trading at prop-form. What can you say about other traders? How are their results? Are you best and most profitable trader in this firm? Thanks
 
Quote from orient:

Hi, Lescor. Earlier you said that you trading at prop-form. What can you say about other traders? How are their results? Are you best and most profitable trader in this firm? Thanks
More...

I don't know what goes on with other traders at the firm, other than a few tidbits I hear now and then. I know I'm nowhere near the top earning guy.

But I am in a private chat with a dozen or so guys at various firms. I've known them all several years and while no one is having a great year according to their own standards, everyone is still making very respectable money. About half the guys will do a million dollars or more for the year. No one is less than mid 6 figures.

I only say this to counter the never ending 'daytrading is dead' bs you hear all the time. Daytrading is doing just fine for the traders who are smart, well capitalized and know how to adapt. These guys are all independent, trading their own account, most of them from home. Just average guys who've worked super hard to get where they are.

There's a lot of people still making great money daytrading. You just never hear from most of them. But all the whiners and blow outs have to make a point about complaining how impossible it is.
 
Quote from lescor:

I don't know what goes on with other traders at the firm, other than a few tidbits I hear now and then. I know I'm nowhere near the top earning guy.

But I am in a private chat with a dozen or so guys at various firms. I've known them all several years and while no one is having a great year according to their own standards, everyone is still making very respectable money. About half the guys will do a million dollars or more for the year. No one is less than mid 6 figures.

I only say this to counter the never ending 'daytrading is dead' bs you hear all the time. Daytrading is doing just fine for the traders who are smart, well capitalized and know how to adapt. These guys are all independent, trading their own account, most of them from home. Just average guys who've worked super hard to get where they are.

There's a lot of people still making great money daytrading. You just never hear from most of them. But all the whiners and blow outs have to make a point about complaining how impossible it is.
More...

+1
 
fwiw: a lot of markets are making incredible price moves all around us. Currency traders have their heads spinning every day. Grain futures went wild today, and are pretty darn good every day. Crude oil, gold, silver and other commodities are on fire all the time.

Opportunity for day traders abounds... even if it comes dressed in different clothes than the days of old. Adapt or perish is the aged axiom and there's never been more electronic markets, ETFs, etc to adapt into than right here, right now today.

**

fwiw: I spoke with the editor at TradingMarkets today and he said they've had quite an uptick in readership lately. Part of that may be due to coverage of various financial markets to whatever degree the content covers stuff of interest to the masses.

fwiw II: dozens of past articles in TM of mine continue to be some of the top-read pieces there still. Other contributions of mine to TASC magazine - website complex draw a lot of views. My blog has 1,000+ visits per day and sometimes twice that.

Both TM and S&C viewerships dwarf EliteTrader. They are much bigger audiences, many of whom have never before heard of ET at all.

In the past I've linked to this thread in particular and ET in general a few times. I know for a fact from seeing hit counts from inside my wordpress out to this specific thread that a good number of readers were directed from me to here.

I know that countless numbers of new people who were never before exposed to ET came thru my efforts into this site.

So for those few who suggest I'm drawing anything from this thread, those are the marketing facts. I've pumped more people into this thread directly than anyone else involved with this entire site.

I've never met lescor and chances are never will. I'm just another random viewer in what I consider to be and have publicly recommended as a pretty good read. Nothing less or more than that.

Record's now straight, all I have to say on the subject. Apologies to lescor for the somewhat OT intrusion that needed to be said.
 
Another really good week and the best three week run since May. Not particularly busy, but a few good trades and nothing too bad.

+$28k for the week, traded 382,000 shares. Daily pl was +17, +2, -1, +4, +6. Within a whisker of 600k net on the year.

It's encouraging that things have been improving as the vix remains near it's lows. Little bursts of activity here and there are paying well and hopefully a precursor of some really good trading when vol really spikes. We are overdue for something.
 
Excellent journal and a good week!!

Just a quick question, is your programming/trading totally technical analysis or do you use fundamental(earnings,etc) info as well?

Thanks
 
Hey Lescor,

I'm not sure if you noticed my post from last week...


Quote from jones247:

Hey Lescor,

Are you still primarily doing OPG and other basket rtm type trades?

Walt
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Quote from lescor:

I don't know what goes on with other traders at the firm, other than a few tidbits I hear now and then. I know I'm nowhere near the top earning guy.

But I am in a private chat with a dozen or so guys at various firms. I've known them all several years and while no one is having a great year according to their own standards, everyone is still making very respectable money. About half the guys will do a million dollars or more for the year. No one is less than mid 6 figures.

I only say this to counter the never ending 'daytrading is dead' bs you hear all the time. Daytrading is doing just fine for the traders who are smart, well capitalized and know how to adapt. These guys are all independent, trading their own account, most of them from home. Just average guys who've worked super hard to get where they are.

There's a lot of people still making great money daytrading. You just never hear from most of them. But all the whiners and blow outs have to make a point about complaining how impossible it is.
More...

Are they all strictly day traders?
 
Quote from trad2ing:

Excellent journal and a good week!!

Just a quick question, is your programming/trading totally technical analysis or do you use fundamental(earnings,etc) info as well?

Thanks
More...

For the most part, neither. The only trades I do based purely on charts are my swing trades and some discretionary ones. Both of those strategies are small and contribute a negligible amount to my bottom line. I never trade on fundamentals.
 
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